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Tariff Bindings and the Dynamic Formation of Preferential Trade Agreements

Lake, James; Nken, Moïse; Yildiz, Halis Murat - 2019

We show that multilateral tariff binding liberalization substantially impacts the nature and extent of Preferential Trade Agreement (PTA) formation. First, it shapes the nature of forces constraining expansion of Free Trade Agreements (FTAs). The constraining force is a free riding incentive of...

Persistent link: https://www.econbiz.de/10012052818

Quality of Life in a Dynamic Spatial Model

Ahlfeldt, Gabriel; Bald, Fabian; Roth, Duncan; Seidel, … - 2020

We develop a dynamic spatial model in which heterogeneous workers are imperfectly mobile and forward-looking and yet …

Persistent link: https://www.econbiz.de/10012425673

Do Markets Erode Social Responsibility?

Bartling, Björn; Weber, Roberto A. - 2013

This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in …

Persistent link: https://www.econbiz.de/10010328753

Correlation Neglect in Belief Formation

Enke, Benjamin; Zimmermann, Florian - 2013

Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...

Persistent link: https://www.econbiz.de/10010328793

Efficiency-Morality Trade-Offs in Repugnant Transactions: A Choice Experiment

Elias, Julio; Lacetera, Nicola; Macis, Mario - 2016

Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from...

Persistent link: https://www.econbiz.de/10011555527

Does Competition Justify Inequality?

Bartling, Björn; Grieder, Manuel; Zehnder, Christian - 2015

Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rulebook slowdowns or quality shading. To analyze fairness perceptions associated with...

Persistent link: https://www.econbiz.de/10011431191

The Economics of Platforms: A Theory Guide for Competition Policy

Jullien, Bruno; Sand-Zantman, Wilfried - 2020

. First, we discuss to which extent competition can emerge in digital markets and show which forms it can take. In particular … competition in platform markets. Second, we analyse competition policy issues and discuss how rules designed for standard markets … can perform in two-sided markets. We show that multi-sided externalities create new opportunities for anti …

Persistent link: https://www.econbiz.de/10012269533

Market Segregation in the Presence of Customer Discrimination

Amegashie, J. Atsu - 2023

I consider a market with two firms, a minority group of customers, and a bigoted (racist, ethnocentric, xenophobic, or sexist) majority group of customers. There exists a Nash equilibrium with full segregation in which a low-price firm serves only the minority and a high-price firm serves only...

Persistent link: https://www.econbiz.de/10014377428

Let the Market Decide: An Experimental Study of Competition and Fairness

Bartling, Björn; Grieder, Manuel; Zehnder, Christian - 2014

Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can trade with one of several sellers. Sellers who feel shortchanged can engage in counterproductive behavior to punish the buyer. We find that the same unfavorable terms of trade...

Persistent link: https://www.econbiz.de/10010398532

The Limits to Moral Erosion in Markets: Social Norms and the Replacement Excuse

Bartling, Björn; Özdemir, Yagiz - 2017

This paper studies the impact of a key feature of competitive markets on moral behavior: the possibility that a … on the effect of markets on morals. …

Persistent link: https://www.econbiz.de/10011777561